USDA released the U.S. Canada Hog Inventory Report yesterday. The U.S. data is based on the quarterly Hogs and Pigs Report which is as of the second quarter ending on 1 June and the data for Canada is a semi-annual report as of 1 July.  This is always an insightful benchmark because of the integration of the two countries’ industries, though Canada’s swine herd is typically about 19 percent of the U.S. swine herd.  As of mid-year, the inventory of all hogs and pigs in the U.S. and Canada was 88.4 million head, which was 101 percent of 2023 and 102 percent of 2022, its recent low point.  The volatility of the hogs and pigs inventory in the past several years reflects the discovery of ASF in China and the disrupti...

TAGS – Livestock, North America